Re:RBS shuts down startup accounts (Smarkets and others)
by driverdan on Monday February 06, 2012 @10:50AM
(#3557776)
It doesn't matter who their target customer is, gambling sites are higher risk than traditional ecommerce sites. They have higher chargeback rates and the industry has a lot of bad actors. Is it shortsighted to blindly drop a startup just because it's gambling? Perhaps, but if you just go on industry averages there is higher risk there.
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